Here’s the best way to put it: Quantitative Easing (QE) is like saying that simply feeding a guy will make him exercise more. It doesn’t. It just makes him more fat (inflation). On the other hand, someone who is working out and growing muscle (ie, a metaphor for a growing economy) does need to be …
Continue reading “The Biggest Problem the World Faces: No Stable Unit of Account”
Today on CNBC they said one could make a pile of money if one could guess when they would raise rates again. This highlights one of the biggest atrocities in the World’s economic system. Trillions of dollars are tied up in the currency futures, hedging the wild swings in the value of currency, trillions that …
3 Democrats Could Block Health Bill in Senate – NyTimes.com United States Senator Blanche Lincoln 355 Dirksen Senate Office Bldg., Washington, D.C. 20515 Office: 202-224-4843; Fax: 202-228-1371. Hi, I want to go on record as supporting Sen. Lincoln in being AGAINST the Health Care Bill. I believe real Health Care reform could be accomplished by …
(Two email letters I sent concerning this subject) March 22nd, 2009 Dear Adam Curry (@adamcurry), Ending inflation and deflation is very simple. All that has to happen is for the Fed to keep the dollar/gold ratio in a tight range by printing dollars when the price of gold gets too low (ie 1997, $10 barrel …
Continue reading “We Need A Gold Standard for Economic Prosperity”
And the Crisis is purely a fiction. I am listening to Bernanke in the background testifying in the Senate. None of this would be happening without the Mark to Market rule. None of it. 8% of mortgages have defaulted. Mark to Market has caused 100% of them to marked down creating billions of false, paper …
Update: 3/30/13 – Wow, this article was written a long time ago, but political and economic shifts tend to play out over decades, so from that perspective, it’s not that old. Anyway, this story came across my Facebook newsfeed today. And I thought it was relevant, to this, one of my first blog posts, New …
